RUMOR MILL
Wednesday, January 27, 2021
BIG HIT'S BIG SPEND
Big Hit Entertainment, the entity behind BTS, is pumping $63m into an effort to improve distribution.
The company, whose strength is in intellectual property and platforms, will have an 18% stake in YG Plus, the music-distribution and merchandising arm of YG Entertainment, home to Blackpink, Treasure and AKMU.
Since going public in October, Big Hit’s market cap has risen to nearly $6.7b—up from $4.4b. Its stock price is currently trading at $187.49 a share, having vaulted from $141.86 two weeks ago.
STAGECOACH: THE FINAL DESERT EXCURSION
Our weary travelers reflect on their adventure. (4/30a)
HIPGNOSIS BOARD APPROVES UPPED BLACKSTONE BID
But it ain't over till it's over. (4/29a)
| ||
THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
|
BILLIE'S BACK WITH BIG WORLD TOURrumor mail
